eBay CEO Devin Wenig tweeted that the company paid its first cash dividend today. eBay had announced in January it would issue a dividend after experiencing stagnant growth in the fourth quarter of 2018 and facing pressure from activist investors.
In today’s tweet, Wenig wrote, “Today eBay paid its first cash dividend of 14 cents per share to stockholders. This is the first dividend program in eBay’s history and marks a significant milestone for the company. We are delighted to share the company’s ongoing success with our fellow shareholders.”